Ethereum’s market capitalization approached approximately $457 billion as incremental institutional inflows supported price stability. Observers cited continued adoption in staking, layer-2 scaling activity, and developer engagement as structural underpinnings for valuation. The modest intraday gain contrasted with subdued risk appetite elsewhere, indicating selective strength within larger-cap tokens. Flows remained concentrated among venues with robust custody arrangements and compliance practices. Analysts advised monitoring ETH-BTC relative performance and funding dynamics to gauge whether the rotation into Ethereum can sustain beyond the short term.